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Debunking Equipment Financing & Leasing

MYTHS

Myth #1: Equipment Financing is Too Expensive

Fact: Financing breaks down big expenses into affordable monthly payments.

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Starting your business should be exciting, not a funding headache. At Beacon Funding, we look at details other funding sources don’t consider, so your new business can hit the ground running.

Myth #2: Equipment Financing is Too Expensive

Fact: 85% of Equipment is Financed by Small Businesses

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Myth #3: You Need Perfect Credit to Get Approved

Fact: An expert financing lender will work with A, B, and C rated credit

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Myth #4: Paying with Cash is Always Best

Fact: Cash is Not Always a Practical Way to Buy Expensive Equipment

Solution: Conserve Your Cash with Equipment Financing

It’s long been believed that if you can’t afford to pay cash, you shouldn’t buy. Sometimes it's true, but often financing makes great business sense, especially when starting or expanding.

For businesses without much cash, financing is a smart choice. Conserving cash ensures you’ll have it when you need it. With equipment financing, your business can manage its cash flow.

Myth #5: The Qualifying Criteria Are Strict

Fact: A Specialized Financing Company is Less Likely to Have Restrictions

Whether it’s brand new or pre-owned, Beacon Funding provides more ways for you to get approved. We’re renowned for our ability to secure financing for older or traditionally difficult-to-finance equipment. In fact, we’re open to financing equipment from private sellers or third-party sources.

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Myth #6: You Don’t Keep the Equipment After Your Lease Ends

Myth #6: You Don’t Keep the Equipment After Your Lease Ends

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Click the + buttons to learn the FACTS

Myth #7: You Can’t Upgrade Equipment Mid-Lease

Solution: Global Sign & Awning Upgraded Their Business Through Equipment Financing

Fact: Beacon Funding Upgrade Program Helps You Avoid Lease Lock-in

Chris Wicks, owner of Global Sign & Awning, used Beacon Funding to make an upgrade from a bucket truck to a sign boom truck. Since financing, business has seen a remarkable 25% increase in revenue.

Don’t worry about being stuck with your current equipment model for a long time. Beacon Funding provides flexibility to upgrade equipment in the middle of your lease term.

Myth #8: Banks Are The Only Option as Lenders

Fact 2: Banks Are Not Your Only Choice and May Not Be Your Best Option for Financing

Fact 4: Banks Are Not Your Only Choice and May Not Be Your Best Options for Financing

Fact 1: Beacon Funding Approves 7/10 Businesses, Traditional Lenders Approve 3/10.

Fact 3: Businesses Embrace Equipment Financing Over Traditional Banking

Myth #9: The Equipment Financing Process Takes Too Long

Beacon Funding can approve equipment loans within the next business day

Don't worry about financing time. The lending approval process is now moving faster than ever.

In the past, lenders often took 60-90 days to approve small business loans

The financing process has seen a significant reduction in turnaround time. This is a myth from the past!

Myth 10: Equipment Financing is Not Flexible

Fact: The right lender can assess your unique situation and offer flexible terms

It’s normal to be tense about major purchases, especially if you feel like you’re locked into a contract. However, the right lending partner should put your mind at ease with a customization

The Problem

The Solution

Beacon Funding’s Flexible Solutions

3400 Dundee Rd. Suite 180 Northbrook, IL 60062

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